The Wireless Infrastructure market is currently in a phase of transition as mobile operators seek to address increasing mobile traffic demands amidst economic uncertainties. This paradigm shift is bringing new challenges and opportunities to 5G infrastructure vendors.
The growth of the 5G infrastructure market in North America is likely to be propelled by the growing demand for 5G-enabled consumer electronic devices such as smartphones, AR and VR devices, and tablets. Faster connectivity is the most critical requirement for these devices.
In North America, the industry segment adopted high-level automation with the implementation of advanced technologies such as machine-to-machine communication (M2M), Internet of Things (IoT), and robotics. For these technologies, the high-speed data transfer rate is required to carry out the assigned tasks. In such cases, a 5G-enabled data network will serve the purpose.
According to the study, over the next five years, the 5G Infrastructure market will register a high growth rate with a CAGR of 50.86%. The forecast period for this report is considered between 2020 and 2026
This report presents a comprehensive overview, market shares and growth opportunities of 5G Infrastructure market by product type, application, key companies, and key regions.